Audit Committee Members at Council of Governors (2 Positions)

Zipcode: 40401- 00100

Description

• Pursuant to the provisions of the Public Finance Management Act, 2012 and the Public Finance Management (Regulations) 2015, the Council of Governors invites applications to fill the above position.
• Responsibilities for the Audit Committee Member
• Provide strong and effective oversight of the Council’s Internal Audit function;
• Promote effective and efficient audit process by providing an independent review of the internal audit work plans and reports;
• Evaluate internal and external audit reports and make appropriate recommendations;
• Evaluate the adequacy of the control environment to ensure high standards and functioning of the financial and non-financial internal control system;
• Ensure the integrity and transparency of the Council’s Financial Reporting Process, and regularly undertake an independent review of the Council’s financial statements;
• Monitor the effectiveness of the Council’s performance management and performance information;
• Review the level of compliance with relevant legislative and regulatory requirements and promote a culture committed to lawful and ethical behavior.

Qualifications

Qualifications for the Audit Committee Member

• Bachelor’s degree in any of the following: –Accounting, Auditing, Risk Management, Finance, Economics, Human Resource Management, Law or any other related field from a University recognized in Kenya.
• Possession of a master’s degree in any of the above fields will be an added advantage.
• Professional qualifications relevant to their field and be a member in good standing of the relevant professional body e.g. ICPAK, IIA, IHRM, ICPSK.

Skills Experience

• At least ten (10) years professional experience in any of the following fields: - Accounting, Auditing, Risk Management, Finance, Economics, Human Resource Management, Law or any other related field at senior management level in a busy, reputable public or private organization;
• Have a thorough understanding of the relevant legislations, best practices and emerging issues in Accounting, Auditing, Risk Management, Finance, Economics, Human Resource Management, Law and other related fields;
• Have a good understanding of the mandate of the Council of Governors
• Government operations and financial management system.
• Be a person of integrity, demonstrated professional competence and strong interpersonal skills;
• Not be a present employee or past employee of the Council of Governors for the last two (2) years;
• Be compliant with the requirements of Chapter Six of the Constitution on Leadership and Integrity, and must obtain clearance from the following institutions: -Ethics and Anti-corruption Commission, Criminal Investigations
• Department, Kenya Revenue Authority, Higher Education Loans Board and any of the Credit Reference Bureaus.
• Terms and Conditions of Service
• Members of the committee shall:
• Be appointed for a term of three (3) years, renewable for a further one term subject to satisfactory performance.
• Serve on a part-time basis.
• Be paid allowances at rates determined by the Salaries and Remuneration Commission.